Businessglobal-economy
South Africa Rescues Film Rebate Program, Declares 'Back in Business'
South Africa’s vital 25% film and television cash rebate program is finally recovering after two years of administrative paralysis. The Department of Trade, Industry and Competition (DTIC) has officially announced it is clearing a massive backlog of claims. Industry leaders, who had formed the 'Save SA Film and TV Jobs Coalition' to pressure the government, have expressed cautious optimism. While the sector has suffered significant financial bleeding, officials state that the worst of the crisis is now behind them.